SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* HARDMAN SUSAN J (Last) (First) (Middle) INTERSIL CORPORATION 1001 MURPHY RANCH ROAD (Street) MILPITAS CA 95035 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/29/2008	3. Issuer Name and Ticker or Trading Symbol INTERSIL CORP/DE [ ISIL ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) SVP, AMS Products Group	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,788	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	10/01/2005(1)	10/01/2011	Common Stock	37,500	$17.29	D
Stock Option (Right to Buy)	04/01/2006(2)	04/01/2012	Common Stock	3,125	$17.08	D
Stock Option (Right to Buy)	04/01/2006(2)	07/01/2012	Common Stock	3,125	$19	D
Stock Option (Right to Buy)	04/01/2006(2)	10/03/2012	Common Stock	6,250	$22.06	D
Stock Option (Right to Buy)	04/01/2006(2)	01/03/2013	Common Stock	6,250	$25.35	D
Stock Option (Right to Buy)	09/01/2006(1)	09/01/2012	Common Stock	15,000	$20.73	D
Stock Option (Right to Buy)	02/01/2007(1)	02/01/2013	Common Stock	25,000	$29.64	D
Stock Option (Right to Buy)	04/03/2007(1)	04/03/2013	Common Stock	35,000	$29.3	D
Stock Option (Right to Buy)	04/02/2008(1)	04/02/2014	Common Stock	33,000	$26.77	D
Stock Option (Right to Buy)	04/01/2009(1)	04/01/2015	Common Stock	40,000	$26.42	D
Stock Option (Right to Buy)	10/01/2009(1)	10/01/2015	Common Stock	12,500	$16.34	D
Deferred Stock Units	04/03/2009	04/03/2009	Common Stock	10,000(3)	$0.00	D
Deferred Stock Units	04/02/2010	04/02/2010	Common Stock	6,000(4)	$0.00	D
Restricted Stock Units	12/03/2008(5)	12/03/2011	Common Stock	5,000	$0.00	D
Deferred Stock Units	04/03/2009	04/03/2009	Common Stock	10,000	$0.00	D
Deferred Stock Units	04/01/2011	04/01/2011	Common Stock	9,000(4)	$0.00	D
Restricted Stock Units	10/01/2009(5)	10/01/2012	Common Stock	4,200	$0.00	D

Explanation of Responses:

1. This option shall become exercisable as it vests. Options outstanding vest over a 4 year period with 25% of the options becoming exercisable upon the first anniversary of the date of grant with remaining options vesting at 6.25% per quarter thereafter.

2. Reporting person received a stock option grant for 25,000 shares to be issued quarterly at 6,250 shares per quarter and priced at the fair market value of Intersil's Common Stock as reported on Nasdaq at the close of market on the first trading day of each quarter. Quarterly grants were issued on 4/1/05, 7/1/05, 10/3/05 and 1/3/06. Each quarterly grant vested 25% on 4/1/2006 and then quarterly thereafter with each quarterly issuance becoming fully vested on 4/1/2009.

3. This award of Deferred Stock Units is performance-based (PDSUs). The number of performance shares ultimately earned could range from 0-200% of the total number of PDSUs granted based upon Intersil's revenue growth and Intersil's growth in operating income over a 3 year period relative to its peer group (as determined by the Compensation Committee of the Board of Directors). PDSUs are paid in Common Stock upon vesting. Recipient of this award may elect to defer receipt of Common Stock by making a deferral election in accordance with the terms of the Plan.

4. This award of Deferred Stock Units is performance-based (PDSUs). The number of performance shares ultimately earned could range from 0-150% of the total number of PDSUs granted based upon Intersil's revenue growth and Intersil's growth in operating income over a 3 year period relative to its peer group (as determined by the Compensation Committee of the Board of Directors). PDSUs are paid in Common Stock upon vesting. Recipient of this award may elect to defer receipt of Common Stock by making a deferral election in accordance with the terms of the Plan.

5. This award of Restricted Stock Units (RSUs) vests 25% annually on the award date and becomes fully vested 4 years from the date of award. Each RSU has the economic equivalent of one share of Common Stock.

	Susan Hardman	11/07/2008
	** Signature of Reporting Person	Date
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